Copper Clad Wire Market Definition
The copper clad wire market refers to the manufacturing and distribution of copper clad wire, which is a composite material generally used in electrical applications. It consists of an inner central core made of aluminum or steel that provides durability, strength, and outer copper cladding. It is used in power transmission, lighting arresters, power installations, substations, ground grid meshes, etc. There is a high demand for copper clad wire in automotive wires, transmission lines, communication lines, and electrical cables, driving the growth of the market.
The downsides of the copper clad wire include not being compliant with standards, corrosion & oxidation, poor flexibility & bend radius, not being suitable for PoE applications, and high signal loss can restrict the market’s growth. The future opportunities for the growth of the copper clad wire market include integration with advanced technologies, expansion in emerging markets, growing emphasis on sustainability, and technological developments.
Published by
Deepa Pandey